David Taran is a firm believer in pursuing a diverse and balanced life. David is a licensed real estate broker in the state of California and a practicing lawyer for California, New York, Florida, and Quebec. As the co-founder of Sunstar Capital, David brings more than 26 years of experience that includes many different aspects of the investment process including negotiation, acquisition, finances, development, redevelopment, construction, and investment and property management.
Sunstar Capital is a recently launched commercial real estate company focused on high-growth markets in the Western United States. The venture utilizes the merging of several seasoned professionals, including co-founder, Mark Skeen.
Prior to his work at Sunstar, David was the founder of Divco West Properties, and also worked as a managing partner at his family’s manufacturing and retailing business. This venture, which operated on a global scale, gave him a perfect place to hone his diverse skill set that he continues to use today. As a partner, he worked on capital investments, strategic and financial planning, sales, real estate acquisitions, real estate negotiation, and currency trading and management.
David Taran also worked as a practicing attorney at Graham & James in Los Angeles. There, he specialized in Tax, Corporate, and Real Estate law. David holds a DEC degree from McGill University, an L.L.L degree from the University of Ottawa, a J.D. degree from Columbia University, and a Masters in Tax Law from New York University.
Throughout the span of his career, David has acquired $2.3 billion in real estate, which includes over 700 acres of land, 1,800 multi-family residential units, 449 hotel rooms, and 13.8 million square feet of buildings. David’s successful record is a testament to his diverse and balanced portfolio. David credits his rich portfolio to his earlier roles in as a managing partner and practicing attorney.
Meaningful, Mindful and Balanced
On a personal level, David is an advocate for creating a balanced, meaningful life. Despite his success, David upholds that a life filled with meaning and intent is far more enjoyable than a profitable one. To this end, he continues to support Project Happiness, a thriving non-profit started by his wife, Randy. Project Happiness is dedicated to providing the tools and resources needed for individuals to live an empowered, happier life.
David is proud to support the organization and serves on the board of directors. As a board member, David brings his unique experience and skill set to the table in an advisory capacity. His personal interest in the organization’s mission combined with his professional knowledge makes him an invaluable member of the board and his local community.
David’s continued passion for promoting greater happiness and meaning in everyday life continues to launch his career and leadership skills in exciting directions.
Connect with David
Recent Blog Posts from David:
Most people are unaware of what a property manager does, but this is a highly helpful resource to your property. Property managers help to deal with all of the daily tasks and responsibilities associated with renting out property, so the landlord does not have to worry about them. A property manager will regularly do the following tasks.
Recommend rental rates and policies
Property managers may do research to find the most reasonable price for a rental property in that area to help drive tenants to apply. They may also help the owner to decide about rental policies like pets, smoking, property modifications, and parking. It’s important for them to make recommendations that coincide with their capabilities.
Find good tenants for a property
A property manager will typically be there every step of the way. They may clean and decorate the property, maintain landscaping services, advertise availability, show it to potential renters, collect applications, verify application data, and walk the new tenant through the leasing process.
Maintain the property
A property manager may have landscapers, contractors, or janitors under them, but they will be responsible for overseeing the day-to-day maintenance of the property. This will include making repairs, keeping the building and landscape in good condition, hiring maintenance employees, and managing extermination and trash removal.
Manage finances and budgets
Managers collect rent from tenants and enforce fees for things like late fees or property damage. To ensure that the building provides a profit for the landlord, the manager will create a budget and decide how to spend money on repairs, marketing, and other budgetary concerns. Managers keep detailed records of all income and expenses, and some of them may help with filing taxes.
Monitor tenants regularly
A manager will be on site regularly to ensure that tenants are following the terms of their lease. They may conduct inspections to find lease violations, view security footage of common areas, or take complaints from other tenants on the property.
Assist with tenant move-outs
In cases where a tenant breaks the lease or does not pay rent, the manager will be the one to go through the eviction process with the court. They will also notify tenants when their lease is up and determine if the tenant receives their security deposit. Once the tenant moved out, the property manager will start the process of finding new tenants all over again.
Something I am really passionate about is my local community here in Palo Alto, CA. An excellent resource to help stay involved is the Community Calendar. The calendar allows users to view everything that is going on within the community for each specific day of the week. Here are a few great events that caught my eye!
Music on the Square, 2018
Located at Courthouse Square on Broadway Street, Music on the Square is in the midst of hosting its 12th year of free outdoor concerts throughout the summer. The best news? It’s every Friday through August 31st starting at 6:00 pm, and it’s free!. Come out and enjoy a variety of live music, including rock, blues, pop, latin and much more while being surrounded by a plethora of good food choices.
‘Hold These Truths” at TheatreWorks Silicon Valley
TheatreWorks Silicon Valley is starting its season with a presentation of ‘Hold These Truths”, a play written by Jeanne Sakata. The storyline follows a Japanese-American students and the troubles he faced during WWII. Tickets are available online or at the box office starting at $35., and has various showtimes.
Redwood City Kiwanis Farmers Market
A great way to engage with your local community is by investing in it. Farmers markets are a great way to show support to the individuals and economy of the community by shopping local. Redwood City Kiwanis Farmers Market has been supplying residents with fresh, locally grown food since 1979. Located on the 500 Block of Arguello, they are open every Saturday, beginning at 8:00 am.
The Dancing Sowei Exhibition at Cantor Arts Center
For the next few months the Cantor Arts Center will be hosting The Dancing Sowei: Performing Beauty in Sierra Leone exhibition. On display will be a sowei mask that dates back to the women-only Sande Society who used dance to bring beauty to the world. Entry is free, and the center is open most days from 11:00 am- 5:00 pm.
This is only a few of the many events that will be happening in the Palo Alto community this summer. Be sure to check out the community calendar for yourself to see all the various ways to engage with the community.